MFS Multimarket Correlations

MMT Stock

USD 4.71 0.01 0.21%

The current 90-days correlation between MFS Multimarket Income and MFS Charter Income is 0.2 (i.e., Modest diversification). The correlation of MFS Multimarket is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

MFS Multimarket Correlation With Market

Poor diversification

The correlation between MFS Multimarket Income and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Multimarket Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Multimarket Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with MFS Stock

0.71	VELO	Velo3D	Pair Corr
0.8	ACQ	Acorn Capital Investment	Pair Corr
0.61	BFK	BlackRock Municipal	Pair Corr
0.61	BFZ	BlackRock California	Pair Corr
0.83	BIT	Blackrock Multi Sector	Pair Corr
0.61	BLW	BlackRock Limited	Pair Corr
0.69	BYM	BlackRock Municipal	Pair Corr
0.72	PFLT	PennantPark Floating Rate	Pair Corr
0.81	PIC	Perpetual Equity Inv	Pair Corr
0.81	TRIN	Trinity Capital	Pair Corr
0.75	CGBD	Carlyle Secured Lending	Pair Corr

Moving against MFS Stock

0.47	FSI	Flagship Investments	Pair Corr
0.36	AIQ	Alternative Investment	Pair Corr
0.72	PBCRY	Bank Central Asia	Pair Corr
0.33	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	MCR	SCD	BKT	FTF	FCT	HYI	MIN	SABA	PMM	NCZ
MCR		0.68	0.51	0.62	0.44	0.43	0.15	-0.33	0.55	0.62	MCR
SCD	0.68		0.81	0.91	0.67	0.61	0.22	-0.55	0.71	0.86	SCD
BKT	0.51	0.81		0.8	0.6	0.67	0.15	-0.59	0.49	0.73	BKT
FTF	0.62	0.91	0.8		0.8	0.48	0.34	-0.73	0.76	0.87	FTF
FCT	0.44	0.67	0.6	0.8		0.1	0.45	-0.78	0.76	0.65	FCT
HYI	0.43	0.61	0.67	0.48	0.1		-0.4	-0.22	0.09	0.5	HYI
MIN	0.15	0.22	0.15	0.34	0.45	-0.4		-0.39	0.62	0.16	MIN
SABA	-0.33	-0.55	-0.59	-0.73	-0.78	-0.22	-0.39		-0.67	-0.52	SABA
PMM	0.55	0.71	0.49	0.76	0.76	0.09	0.62	-0.67		0.62	PMM
NCZ	0.62	0.86	0.73	0.87	0.65	0.5	0.16	-0.52	0.62		NCZ
	MCR	SCD	BKT	FTF	FCT	HYI	MIN	SABA	PMM	NCZ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FTF	+ 0.91	SCD
NCZ	+ 0.87	FTF
NCZ	+ 0.86	SCD
BKT	+ 0.81	SCD
FTF	+ 0.8	BKT
FCT	+ 0.8	FTF

High negative correlations

SABA	- 0.78	FCT
SABA	- 0.73	FTF
PMM	- 0.67	SABA
SABA	- 0.59	BKT
SABA	- 0.55	SCD
NCZ	- 0.52	SABA

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Multimarket Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MFS Multimarket's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MCR	0.32	0.00	(0.12)	0.06	0.35	(0.36)	0.65	(0.48)	1.93
SCD	0.64	0.02	0.01	0.09	0.72	(0.67)	1.26	(1.24)	2.95
BKT	0.29	0.00	(0.12)	0.08	0.31	(0.35)	0.65	(0.64)	1.66
FTF	0.32	0.02	(0.06)	0.19	0.36	(0.38)	0.66	(0.67)	1.68
FCT	0.43	0.08	0.06	0.36	0.24	(0.55)	0.85	(0.74)	6.13
HYI	0.27	(0.01)	(0.15)	0.02	0.35	(0.29)	0.63	(0.64)	1.71
MIN	0.39	0.00	(0.11)	0.03	0.45	(0.57)	0.78	(0.77)	3.08
SABA	0.48	(0.08)	0.00	(0.33)	0.00	0.00	0.85	(1.05)	3.55
PMM	0.44	0.02	(0.08)	0.20	0.43	(0.57)	1.13	(0.97)	3.57
NCZ	0.78	0.03	0.02	0.11	0.83	(0.85)	1.65	(1.49)	4.66

MFS Multimarket Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
CFA CFA	Portfolio Manager	Profile
Susan Pereira	Assistant Secretary and Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile

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